2010 Truth in Taxation
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2010 Truth in Taxation

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  • Note: county sends out the notices showing the increases/decreases
  • Townships set their budgets in the spring.
  • Was approved at our June meeting and is usually revised around February.
  • The school district has five different revenue and expenditure funds. Four of those funds are made up of state and local levy: General, Community Ed, Building Fund & Debt Service We have 16 years left in the maximum effort program.
  • Note: This Budget was approved in June 2010 and does not include the additional enrollment of approximately 69 students.
  • As our enrollment either decreases or increases our revenues does the same
  • People have mentioned they believe we spend a lot of money on extra-curricular within the district, note overall expenditures in activities is only 5% of our total budget and also includes internal activity accounts in which students and parents fund raise for additional items for there specific program. Districtwide includes nursing services for the district, insurance property and liability, technology, integration program, districtwide staff development, school board, and district office. Each of the buildings include the administration for that building, teachers, aides, secretarial, equipment and supplies. Maintenance includes all staff for that area, health and safety, capital, grounds and facility upkeep. Transportation includes all staff for that area, busses, equipment and supplies needed and insurance for the fleet.
  • How much of our budget is salaries 82% Other Includes: supplies, capital expenditures, consulting, etc.
  • Our Food Service Fund is Self Sufficient and we have participation of approximately 93% within all three schools
  • The maximum effort program that we are in affects the tax levy for district 51 with the base of the formula being 28% of ANTC.
  • .
  • .
  • General Education Aid Revenue is an estimate. Levy piece of this doesn’t necessarily help pay for operational salaries..
  • LEARNING LEVY $ 255,903.46 CAREER & TECH LEVY $ 30,344.00 EQUITY LEVY 137,807.83 TRANSITION LEVY 9,856.72 LEASE LEVY 4,724.46 INTEGRATION LEVY 37,665.07 REEMPLOYMENT LEVY 20,349.97 ABATEMENT AID 435.88 TOTAL 497,087.39 Note: Deferred Maintenance has an expenditure budget of 7,000 because the district decided to add two years of Revenue together to do bigger projects the summer of 2011.
  • The market values are final and are not a subject for the upcoming budget hearings. They were discussed at the local board of review and county board of equalization hearings held earlier this year. (march and april) The final taxable market values may reflect a reduction under the limited value law. If this property is a qualifying homestead, the final taxable market values may exclude improvements which you made to this property.
  • If you have any questions regarding this presentation please call our Director of Finance, Michelle Czech at 320-968-8602.

2010 Truth in Taxation 2010 Truth in Taxation Presentation Transcript

  • Truth in Taxation Report ISD 51, Foley, Minnesota December 14, 2010 Presenter: Michelle Czech, Director of Finance
  • Truth in Taxation Law
    • Minnesota’s Truth in Taxation Law requires that cities, counties and school districts follow certain steps before adopting a tax levy for the following year. One important part of that law requires a mailed notice to each property owner in the county, which describes the tax levies proposed by the city, county and school district and what percent increase (decrease) such a levy would mean in dollars.
  • Truth in Taxation Public Hearing
    • Part 2 of the law - “Truth in Taxation”
      • Public hearing for each taxing jurisdiction
      • Specific type of public notice
    • Tonight is the school district’s public hearing
  • Requirements of Truth in Taxation Hearing
    • 1. Tax levy must be for taxes payable 2011
    • 2. Discussion must include:
        • Current budget
        • Proposed percent increase/decrease of levy
        • Reasons for the increase/decrease
    • 4. Public must be given time to comment
      • Minnesota Statute 275.065
  • Judge Randy Peterson Former Senator Education Finance Committee
    • “ As a practical matter, school districts really don’t have very much authority, any meaningful authority anyway, over their local taxing decisions. With the exception of decisions to build school buildings and the excess-levy referendums...school district taxing decisions are pretty much a matter of state law...”
  • School District Budget Current School Year 2010-2011
  • School District Funds
    • General Fund
    • Community Education Fund
    • Food Service Fund
    • Building Fund
    • Debt Service Fund
  • Budget 2010-2011
  • General Fund
    • Based on student enrollment
    • Local operating levies
    • Transportation
    • Special Education
    • Capital
    • Health and Safety
    • Federal Grants
  • End of Year Adjusted Average Daily Membership
  • General Fund by Department
  • General Fund Salaries
  • Community ED Fund
    • Based on the adult population in the District
    • Early Childhood is based on the number of children under 5 years of age
    • Participation Fees
  • FOOD SERVICE FUND
    • Based on Federal Grant of free/reduced lunch
    • Based on student participation
  • Other District Funds
    • Building Fund
    • One day bond sales
    • Elementary building project
    • DEBT SERVICE FUND
    • Based on Maximum Effort Loan through 2019
    • Pay the District’s Bond Payments
  • Schools District Levy
    • 2010 Payable 2011
    • 2011-2012 School Year
  • Authority for School Levies
    • Set by State Formula
    • Board Approved within State Law
    • Voter Approved
  • How Your School Taxes Are Spent
  • Levy is Increasing by $71,403 Or 1.94%
  • Levy Percentage by Fund
  • Levy Changes for Pay 2011
    • Increase of $132,452 in Debt Service
    • Decrease of $40,726 in Health & Safety- General Levy
  • General Education Aid & Levy
  • Detail of General Fund $ 14,806,779.00   5.6% $ 806,975.52 $ 14,314,616.00 TOTAL $ 13,852,275.00 4% $ 497,087.39 $ 13,655,620.00 UNRESERVED+BASIC SKILLS $ 88,169.00   $ - $ 65,000.00 ALT LEARNING CENTER $ -   $ - $ - SEVERANCE-DESIGNATED $ 185,000.00   $ - $ - ACTIVITIES-DESIGNATED $ 50,500.00   $ - $ - STAFF DEVELOPMENT-BLDG $ 23,139.00   $ - $ 23,139.00 GIFTED AND TALENTED $ -   $ - $ - DISABLED ACCESS $ 57,996.00 100% $ 57,766.80 $ 58,530.00 SAFE SCHOOLS $ 7,000.00 83% $ 62,244.50 $ 75,101.00 DEFERRED MAINTENANCE $ 476,500.00 40% $ 149,988.84 $ 373,235.00 OPERATING CAPITAL $ 66,200.00 100% $ 39,887.99 $ 63,991.00 HEALTH & SAFETY EXPENDITURES LEVY SUPPORT REVENUE DESCRIPTION 2011 2011 PROPERTY TAX 2011
  • COMMUNITY EDUCATION $ 440,343.00 21% $ 98,424.47 $ 461,060.00 TOTAL $ 346,010.00 19% $ 67,962.38 $ 357,861.00 COMMUNITY EDUCATION $ 94,333.00 30% $ 30,462.09 $ 103,199.00 ECFE EXPENDITURES LEVY SUPPORT REVENUE   2011 2011 PROPERTY TAX 2011
  • Debt Service Aid & Levy
  • Causes of Property Tax +/-
    • 1. Changes in market values.
    • 2. Changes in class rates/history.
    • 3. Changes in state formula.
    • 4. Voter approved Referendums.
  • Changes in Market Value
    • Market Values are final
    • Discussed at:
      • Local Board Review
      • County Board of Equalization
    • Final Taxable Market Value
      • May reflect a reduction (limited value law)
      • May exclude improvements to property
  • ISD 51 Resolution